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Kanoria Chemicals to acquire 15.55% stake in Kanoria Africa Textiles

18 Jun 2020 Evaluate

Kanoria Chemicals & Industries has received approval to acquire 15.55% shares in Kanoria Africa Textiles, Ethiopia (KATP). KATP is already a subsidiary of the company and the acquisition will allow the company full control of KATP. The Board of Directors of the company in its Meeting held on June 17, 2020 has approved the same.

Kanoria Chemicals & Industries is a leading manufacturer of chemical intermediates in India.

Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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